Climate tech funding is going industrial...
Blackhorn Ventures closes $150M industrial impact fund
Focus is seed and Series A stage investments into capital-efficient software solutions, vertical SaaS companies, and AI applications that address the urgent need for industrial resource efficiency and decarbonization at scale. Portfolio companies are targeting the $1.7 trillion industrial resource efficiency market and leveraging the $4.5 trillion needed for the global energy transition by 2030. The fund has new limited partnerships with Mitsubishi Electric, Westlake Corporation, Goldbeck GmbH and Mercuria Energy.
8090 Industries raised $100M+ for its 2nd fund to invest in industrial companies
Focuses on decarbonization, synthetic biology, aerospace, artificial intelligence, energy, and infrastructure to transform the industrial complex with breakthrough, zero-carbon technologies and significant economic advantages. Partnered with over 20 global conglomerates.
Ironspring Ventures raised $100M to invest in the industrial revolution
Industry focus: manufacturing, construction, transportation and energy. Additional capital allows the firm to write bigger checks this time around, $2 million to $4 million, which will help them stay competitive as seed rounds have gotten larger. The firm’s LP base is comprised of operators in the industries they work in that own construction companies and manufacturing plants and can not only give guidance and advice to companies but also serve as potential customers too.
Raised a $50M fourth Refactor Capital fund
Investing in the areas of biotech, climate and hard tech startups. This new fund will continue to lead pre-seed and seed investments into startups working in areas including novel battery technologies, cancer therapies, IVF advancements and chemicals. Check sizes are typically $1 million to $2 million, and will be split between 20 and 25 companies over the next three years.
More and more capital going to the less sexy parts of the ecosystem, where there is huge decarbonization and economic potential.
Sources in comment as usual.
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